Analyst
Sohail Ahmed Qureshi
sohail.ahmed@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
Related Research
PACRA Withdraws the Entity Ratings of Reliance Petrochem Industries (Pvt.) Limited
Rating Type | Entity | |
Current (15-Feb-24 ) |
Previous (16-Mar-23 ) |
|
Action | Withdraw | Maintain |
Long Term | - | BBB+ |
Short Term | - | A2 |
Outlook | Stable | |
Rating Watch | - | - |
Subsequent to the management's decision to discontinue the ratings, PACRA withdraws the entity ratings of Reliance Petrochem Industries (Pvt.) Ltd with immediate effect.
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About
the Entity
Reliance Petrochem Industries was incorporated in 2013 as a private limited company under the repealed Companies Ordinance 1984. The board composition and ownership comprises three brothers. Mr. Jawahar Lal is the CEO, Mr. Anil Parkash (Director) and Mr. Jai Kumar (MD).